6999 Market AveEl Paso, TX 79915

Property Details for 6999 Market Ave

Year built

1973

Lot size

2.15 AC

Property size (Sq ft)

22,835 SF

Zone code

M1

Property type

Commercial real estate

APN

E131-999-0080-6700

APU

E13199900806700

Description

This exceptional El Paso, Texas industrial property offers two warehouse buildings totaling 41,800 square feet available for lease. Situated on a 2.15-acre lot at 6999 Market Avenue, this property enjoys a strategic location just three blocks from Interstate-10, providing unparalleled access and visibility. The buildings, currently used as a furniture retail store and distribution warehouse, are connected at the rear but can be easily separated to accommodate smaller tenants. Each building features individual metering for efficient utility management. One building offers 22,837 square feet, while the other comprises 18,960 square feet, allowing for flexibility in lease size. Both buildings boast 20' to 24' ceiling heights and are fully sprinklered for optimal fire protection. Loading dock access includes one dock-high door (8' x 12') in one building and four dock-high doors (8' x 12') plus two grade-level doors (8' x 12') in the other. Three-phase power (240/480 volts) is available. The property is zoned M1 SC in El Paso County (zip code 79915) and the current tenant is on a month-to-month lease, allowing for a potentially quick occupancy. This presents a unique opportunity for businesses seeking versatile warehouse space in a highly accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,564,260

  6.5%

  $2,367,010

  7%

  $2,197,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,799,740

  Geo Method

  $3,799,740

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,631,460

  Retail / Commercial

  $2,380,600

  Mixed-Use / Specialty

  $2,376,530

  Hospitality / Lodging

  $1,749,330

  Office

  $2,367,010

  Institutional / Educational

  $2,472,210

  Residential Income

  $2,892,490

  Multifamily

  $3,444,600

  Automotive / Energy

  $2,119,040

  Parking / Income-Based Land

  $726,890

  Restaurant / Food Service

  $1,245,480

  Healthcare / Senior Housing

  $2,432,550

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7683

Longitude

-106.381

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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